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The Impact of Social Beliefs on Microfinance Performance

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Author

  • Katarzyna Burzynska
  • Olle Berggren

Summary, in English

We apply a panel of 331 microfinance institutions from 37 countries to investigate the relationship between social beliefs and microfinance financial performance over the period of 2003-2011. We find that microfinance institutions in countries with higher levels of trust and more collectivist culture have lower operating and default costs and charge lower interest rates. These results provide the first large cross-country evidence that social beliefs are important determinants of microfinance performance. Copyright (c) 2014 John Wiley & Sons, Ltd.

Publishing year

2015

Language

English

Pages

1074-1097

Publication/Series

Journal of International Development

Volume

27

Issue

7

Document type

Journal article

Publisher

John Wiley & Sons Inc.

Topic

  • Economics
  • Economic Geography

Keywords

  • collectivism
  • trust
  • informal institutions
  • performance
  • microfinance

Status

Published

ISBN/ISSN/Other

  • ISSN: 1099-1328